Aged Care Masterclass 1 – The need for good aged care advice


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This module will address the factors driving the growing demand for aged care advice and challenge advisers to consider the impact of these developments on their client base and advice service model.  It will address the following:

  • Demographic developments shaping the growing need for aged care advice including the ageing of the population over the next 30 years, proportion of disability years in retirement, changing patterns of disease (increasing levels of chronic disease) etc.
  • Demand by older Australians for control of how and where they live, increased preference for independent living and control over the type and quality of care that suits their standard of living.
  • Indication of aged care costs – the next major financial decision after retirement.  Complexity for clients driven by shifting government policies and greater commercialisation in aged care services/options.
  • How to incorporate aged care considerations when planning for retirement.
  • Other factors including greater levels of affluence, reduced access to carers and family support

Recorded on 16 August 2023
Presented by Louise Biti

TPB CPD Hours: 1 hour
Legislated CPD Hours: 0.50 hours in technical competence, and 0.50 hours in client care and practice